Ameriflex Group Inc. Grows Position in GE Vernova Inc. $GEV

Ameriflex Group Inc. lifted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 8.1% in the second quarter, HoldingsChannel.com reports. The firm owned 523 shares of the company’s stock after acquiring an additional 39 shares during the quarter. Ameriflex Group Inc.’s holdings in GE Vernova were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GEV. EQ Wealth Advisors LLC purchased a new position in shares of GE Vernova during the 1st quarter worth $27,000. IMA Advisory Services Inc. purchased a new position in shares of GE Vernova during the 1st quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its stake in GE Vernova by 115.2% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after acquiring an additional 53 shares in the last quarter. 1248 Management LLC acquired a new position in GE Vernova during the 1st quarter worth about $31,000. Finally, Saudi Central Bank acquired a new position in GE Vernova during the 1st quarter worth about $33,000.

GE Vernova Price Performance

GEV stock opened at $595.07 on Friday. The firm has a market capitalization of $161.99 billion, a P/E ratio of 143.39, a P/E/G ratio of 4.42 and a beta of 1.72. The business’s 50-day moving average is $623.21 and its two-hundred day moving average is $498.89. GE Vernova Inc. has a 1 year low of $252.25 and a 1 year high of $677.29.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.GE Vernova’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.65 EPS. GE Vernova has set its FY 2025 guidance at EPS. On average, analysts expect that GE Vernova Inc. will post 6.59 EPS for the current year.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, October 20th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, October 20th. GE Vernova’s dividend payout ratio (DPR) is 24.10%.

Insider Buying and Selling at GE Vernova

In other news, CFO Kenneth Scott Parks sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares of the company’s stock, valued at approximately $4,705,800. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GEV shares. Weiss Ratings reissued a “hold (c)” rating on shares of GE Vernova in a research note on Saturday, September 27th. The Goldman Sachs Group increased their target price on GE Vernova from $500.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. increased their target price on GE Vernova from $620.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wells Fargo & Company increased their target price on GE Vernova from $474.00 to $697.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, UBS Group started coverage on GE Vernova in a research note on Monday, July 7th. They set a “buy” rating and a $614.00 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $598.50.

GE Vernova Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.